
Somerville Labs Get $278M in Construction Financing
A development team received a $278 million construction loan for a Somerville lab project scheduled for completion in 2024 in the growing Boynton Yards life science cluster.
A development team received a $278 million construction loan for a Somerville lab project scheduled for completion in 2024 in the growing Boynton Yards life science cluster.
How much are investors willing to pay for downtown office and retail space in the COVID-19 era? In the case of one Back Bay property with a longstanding luxury pedigree, nearly $2,500 per square foot.
Industrial properties in eastern Massachusetts continue to be in high demand among commercial real estate investors, with the acquisition of a two-building portfolio as the latest example.
Dallas-based L&B Realty Advisors has acquired 1050 Massachusetts Ave., a 62,474-square-foot office and retail building, for $46 million from Putnam Circle Assoc.